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WHUT
Jan 28, 2013 8:30am EST
economy in the world. the trading relationship between united states and europe is the biggest in the world. >> but even as the e.u. succeeded in bringing economic success to member nations, critics warned of crucial flaws in its complex structure. >> they threw together a whole lot of economies that are very different from each other, gave them a single interest rate policy, but didn't put in place any of the political institutions that would be necessary to help countries that feel the pain of an interest rate policy that's not appropriate to their own economic situation. >> in the united states, you have very different levels of productivity between new york and alabama, but you're within one system of governance. you have not only one currency, but you have one national budget and one fiscal deficit. in europe that was never true. >> in the states, you know that you have your local government, you have your state government, and you have your federal government. you pretty much know the architecture of who governs, who legislates, and who runs the show. europe, it's a little more
FOX
Jan 6, 2013 10:00am PST
said about that on tuesday . let's listen. >> if congress refuses to give the united states government the ability to pay the bills on time, the consequences for the entire global economy would be catastrophic and far worse than the fiscal cliff. >> john: congressman you advocated going past the debt ceiling deadline. would you advocate. >> i advocate a solution and not a deal it is no wonder that the president doesn't want to debate if i had presided over the four highest annual deficits and increase in the national debt i wouldn't want to talk about the issue either. since the debt ceiling passed 16 months ago. the day after it passed we got a downgrade from s&p . the super committee that chris voted for fell apart like we thought it would . the only scheduled cuts to take place. we suspended them in the fiscal cliff deal. we have yet to cut one dime and now it is time to do it again. stow this is, we have to stop the madness. this is the 18 year old kid on a credit card and instead of cut tupping and putting them on a budget, barak obama said give us another one and harry reid you have to - on >> john: would you support the debt ceiling. >> i don't support not dealing wit
FOX News
Jan 19, 2013 10:00am EST
wouldn't have passed any of the spending stuff. first off, two countries in the world, united states and sweden who have a debt ceiling. people got rid of it, because what jonas is saying, it's political. and the second issue is, i don't want our economy held hostage and run by washington, right now, the buffoons in congress have more power over the economy with the, you know, stupid idea. if we give them this type of power we've hurt ourselves, kick the power away as far as i'm concerned. >> isn't this a dangerous way to enforce fiscal discipline? shouldn't we be doing it because we have a budget and stick with it like most americans have to? >> well, we do have a budget, but the budgets aren't being passed. they're not being adopted. look, anything that keeps the focus on reducing debt and deficit in my mind is a good thing. getting rid of the debt limit is papering over the real uncertainty, which is american consumers, american investors don't know if and when washington will ever adopt a sensible fiscal policy. i wish we had it come up every month. >> gary b. basically steve is saying this eliminates some uncertainty and that would help. we see consumer confidence at lows again. >> absolutely, brenda. look, this is how every family op
KICU
Jan 3, 2013 4:00am PST
stay together, and if that is going to have an effect on the united states economy. there are just a lot of open questions there. certainly it adds a lot of things for investors to keep in mind. > jeremy glaser from morningstar. thanks so much. > > you're welcome. coming up, we have a preview of what hollywood has in store for moviegoers in the year ahead. that's next. and there's a big advantage parents can give their kids -- making sure they get active at least 60 minutes each day. studies show that physical activity not only helps kids stay healthy, it can enhance important skills, like concentration and problem solving, which can improve academic performance. this means physical activity can help your kids in the most important game of all -- life. 2012 was a box office smash with a record number of ticket sales at $10.8 billion compared to the record set in 2009 at $10.5 billion. our movie guy, erik childress, is here for movies and money. good to have you on the show. and will 2013 be as strong, erik? > > hollywood obviously is certainly hoping. they have already got the line-u
FOX News
Jan 19, 2013 7:00am PST
going to be for the united states economy? we went through a drama with the fiscal cliff and going forward the last thing we want and finally we had some positive news out there. >> brenda: we had a lot of drama and this happened before in 2011. but, toby, markets still went up. look at us, we're at five year highs now and wall street doesn't seem to worry. >> we had 400 point down days and it caused a whole stress that was self-inflicted one of the points that people try to make here. gary, listen, in gary b land, that all things are perfect and the kids are wonderful and all of that stuff. but in the real world, and that this is an arbitrary number not related to anything. we could have the conversation every day and we have the spending, you know, it's going to happen. and we need to vote the people out. vote those jokers out and that's how democracy works. >> and i'm moving to sweden because they have their act together. >> brenda: that's not why you're moving to sweden, gary b. >> doesn't congress give them the power, i would vote for the limit increase and that's what happens
FOX News
Jan 6, 2013 3:00pm PST
list. >> if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> congressman jordan back in 2011 when we had the debate you advocated going past the debt ceiling deadline saying it wouldn't be such a bad thing. would you advocate that again this year? >> i advocated a solution and not a deal. it is no wonder the president doesn't want to debate this. if i had prosided over the four annual highest deficits in american history, $5 trillion increase in the national debt i probably wouldn't want to talk about the issue either. let's look at the facts. since the debt ceiling agreement passed 16 months ago the day after it passed we got a downgrade from s&p. a week after the market dropped 1300 points. the supercommittee which chris and so many members voted for fell apart like we all thought it would and the only scheduled cuts that were supposed to take place we just suspended them five days ago in the fiscal cliff deal. we have yet to cut one dime from the last debt ceiling agreement and
MSNBC
Jan 5, 2013 4:00am PST
? already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. >> that was president obama on the next battle ahead in washington. the fiscal cliff may have been just a warmup. but february or early march, congress will have to vote on raising the debt ceiling, and the differences are not resolved, the country could see a default on the national debt and another potential downgrade on u.s. credit rating. joining me now, judd gregg, co-chair on the campaign to fix the debt. senator greg, thank you for joining me. >> thank you for having me on. >> it's a new year, new congress, but has some old problems, the debt mainly. what will happen this time? >> well, you know, the congress and the president made two efforts here that have been fairly substantive. the 2011 effort reduced discretionary spending by $900 billion and a tax increase of $960 billion, but the big elephant has not been addressed, entitlement spending, that's driving our debt. we're running deficits of over a trillion dollars a year, even after the tax increase, so th
WHUT
Jan 4, 2013 7:30am EST
middle of this year. that includes a recovery in exports. >> translator: led by the united states, overseas economies are picking up strength, demand from outside japan is increasing steadily. the japanese economy is likely to follow a recovery path support in part by needs created by restoration projects in the disaster hit region. additional monetary policy easing will also help the economy to grow. >> meanwhile tokyo mitsubishi chief analyst is a little bit more cautious. he is saying he's not sure if the yen's decline will continue. he warns the yen could start strengthening again if the u.s. economic recovery loses steam, or if japan's efforts to pull itself out of deflation fail. >>> u.s. car dealers celebrated a positive end to 2012. they saw auto sales go up for a third straight year. u.s. research firm auto data released the annual figures. new vehicle sales increased more than 13% from the previous year. that works out to more than 14 million units. analysts say consumers were encouraged by lower interest rates and also a general pickup in the economy. general motors now the top seller spots wi
PBS
Jan 30, 2013 7:00pm PST
the north was really testing ballistic weapons technology. >>> policymakers in the united states feel their economy still need their help. what can you tell us? >> i've been reading through the stam and they feel there's been a pause in the u.s. economy and they're not yet confidence about the job situation. they want to see a lower unemployment rate. they will continue their current ease to support the economy. the u.s. federal reserve made the decision at a two-day meeting of it federal open market committee that ended wednesday. the policymakers said in a statement that growth and economic activity had paused in recent months. this was despite improvements in the housing market, personal spending and business investment. the federal reserve attributed the slow down to a high jobless rate and the effects of hurricane sandy which hit the u.s. east coast last year. the fed said it will continue buying mortgage backed securities and treasury bonds worth $85 billion a month. the key interest rate will be kept at virtually zero as long as the unemployment rate stays above 6.5%. the u.s. jobless rate stood a
FOX News
Jan 30, 2013 7:00pm PST
do we get capital flowing back in the united states economy so we do have growth. we have expansion of small businesses. we look at keorpt business tax rate which is the highest in the world we need to turn that around so we can create opportunities and get people hired and start producing again. another thing we have to be concerned about with this anemic almost retrograde g.d.p. number, you have a federal government that spending 25% of our degrees domestic product and that is going to increase from 30-31% over the next eight to ten years. once again, we have to look at the spending that is being done up in washington, d.c. here in january you see with the payroll tax cut that was taken from 4.2%, went back to 6.2%. you have a lot of people seeing that missing revenue in their state checks. you have eight new taxes from the affordable care act. >> greta: if i were a member of congress, i would hope the president or the white house press secretary, i would hope that if i woke up and saw a shrinking economy, i would think to myself, what am i doing wrong? i'm a political leader. i'm
KCSMMHZ
Jan 4, 2013 6:00am PST
states, overseas economies are picking up strength. demand from outside japan is increasing steadily. the japanese economy is likely to follow a recovery path, supported in part by needs created by restoration projects in the disaster-hit region. additional monetary policy easing will also help the economy to grow. >> meanwhile, a chief analyst is a little more cautious. he says he's not sure if the decline will continue. he warns that the yen could start strengthening again if the u.s. economy recovery loses steam or if japan's efforts to pull itself out of deflation fail. >>> asia plays an increasing my important role in the global economy but some question whether the region can sustain its growth. starting today we'll be bringing you a series of interviews with business and financial leaders. the head of the asian development bank gave us an interview. >> reporter: while the global economic outlook remains uncertain, asian region remains a bright spot. >> to some extent compared with the u.s. and europe and also compared with latin america and africa. asia will be the fastest gro
PBS
Jan 4, 2013 7:00pm PST
of this year. that includes a recovery in exports. >> translator: led by the united states, overseas economies are picking up strength. demand from outside japan is increasing steadily. the japanese economy is likely to follow a recovery path, supported in part by needs created by restoration projects in the disaster-hit region. additional monetary policy easing will also help the economy to grow. >> meanwhile, a chief analyst is a little more cautious. he says he's not sure if the decline will continue. he warns that the yen could start strengthening again if the u.s. economy recovery loses steam or if japan's efforts to pull itself out of deflation fail. >>> asia plays an increasing my important role in the global economy but some question whether the region can sustain its growth. starting today we'll be bringing you a series of interviews with business and financial leaders. the head of the asian development bank gave us an interview. >> reporter: while the global economic outlook remains uncertain, asian region remains a bright spot. >> to some extent compared with the u.s. and europe and als
MSNBC
Jan 15, 2013 11:00am PST
we don't make the changes the way they want to, they're threatening to tank the united states economy. again, the debt ceiling, it is really important that people understand, this is not about expanding your capacity to start new government programs. this is paying for bill that is are already due and owing so not paying it would be like, tamron, you and i buying stuff on the credit card and then deciding after we bought that stuff we are not going to pay for it. if the united states does that, it will tank our credit rating and economy and make any discussion of what would happen going over the fiscal cliff look like child's play. that's why the president said, look, he is not going to allow the american economy to be held hostage in that way. he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic an
PBS
Jan 20, 2013 8:30am PST
, brazil was a struggling economy, and now i'm in the united states, the united states is a struggling economy, maybe i should go back to brazil"? >> the immigrants, the brazilians that live here, have a much better chance if they go back to brazil now. why? because, although there are still problems, there are opportunities. for instance, brazilians that left brazil for economic reasons, that came to the united states, and some of them were very successful, they studied, they improved, will have, if they go back, and their children, if they go back with more of an ambition, et cetera, will probably find better opportunities now than existed when they left. >> hinojosa: so the reality on the streets, though, you know, the street children. that movie pixote, you know, all of those images, it still exists. >> oh, sure, it still exists. >> hinojosa: and so how can lula's term, or ending of his term, be seen as a success when you still have that kind of poverty? >> no, president lula will enter history a successful president, the most popular president of brazil. and i think he will remain there. but, yo
MSNBC
Jan 15, 2013 9:00am PST
beam. instead, the victim would be the united states economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expects in his second term, prepare for a bond-style showdown as the government barrels towards its borrowing limit. that said, there might exist a solution that would allow congress to do what it does best, which is to say nothing at all, and still save the economy. this do nothing approach was floated by senate minority leader mitch mcconnell in 2011, and presiden
FOX News
Jan 30, 2013 10:00pm PST
things we have to look at, how do we get capital flowing in the united states economy so we have growth and expansion of our small businesses. we look at our corporate business tax rate, which is the highest in the world. we need to turn that around so we create opportunities and get people hired and start producing again. but another thing we have to be concerned about with this anemic, almost retrograde gdp number, you have a federal government, spending 24 to 25% of our gross domestic product and that's going to increase from 30 to 31%, over the next 8 to 10 years. so once again, we have to look at spending in washington, d.c. but here in january, you see with the payroll tax cut that was taken from 4.2%, went back to 6.2%. you have a lot of people seeing that missing rev new and their paychecks as limp have you 8 new taxes from the affordable care act -- that will be hitting all americans. >> i guess if i were a member of congress or -- i would hope or the president or the white house press secretary or whatever, i would hope that if i woke up and saw a shrinking economy, i w
KICU
Jan 2, 2013 4:00am PST
number one exporter of oil to the united states, so their economy is very much based on energy. so their currency has kind of been suffering lately as the energy sector has been down. but we are seeing a resurgence here, and we just made two-month highs in crude-oil here recently above $91.50, so i think that could add some support, and you've got a very solid base at $99, which is the halfway of the highs and lows for 2012 in the canadian currency. > here is the chart and a look at the canadian dollar. what do you see in the charts that you like? > > i am looking at a june option, a limited-risk play. a june option has five months. you can buy an option here for a relatively inexpensive $1,500, because there is such a low volatility - this market hasn't moved much. and it has five months to develop here. the near-term target is $106. what is interesting is there is usually a high correlation between the canadian dollar and the australian dollar, which has made new yearly highs, but we've seen this canadian lag behind. look for that to play a little bit of catch-up and participate in thi
CSPAN
Jan 1, 2013 10:00am EST
sticks and that it is sustainable. bear in mind we have the united states, the largest economy. private capitalism as their economic paradigm. you have china with the second- biggest economy with no democracy. these countries have the same income and equality right now. only marginally worse. we can talk about trajectory. policymakers have to make a decision which model do we packe ick. we loved democracy. think the jury is still allowed. >> thank you. i think we have time for one more question. six rows back. there is an uproar. we'll have two more questions. >> my original question was to professor easterly. there is a basis for generalizing of the declaration of independence to the world. it does include so-called positive breaks as well. i would like to hear your comments. >> i want to get two other questions and have you both answer them. the lady here four rose back. ws back. >> i was in west africa a couple of years ago. there was a strong sentiment to stop the aid. my question is around integration. there are people doing important things like clinton and goldman sachs. how does
PBS
Jan 30, 2013 6:30pm PST
the afternoon in the european markets when the united states announced that their economy completely suppressing the contracted in the fourth quarter. >> we stay in frankfurt for a closer look at the numbers from the mid-week session. the dax finished the day down by nearly 0.5%. the euro stoxx 50 down by just a little bit more. across the atlantic on wall street at this hour, the dow pretty much trading flat. the euro up against the greenback at a value of $1.3568. >> just days after toyota regained its spot as the world's no. 1 carmaker, it has announced recalls affecting more than 1 million cars around the world. >> one recall limbaugh's career role of -- one recall involves carolla models. there are also lexus models with windshield wipers that failed to function in heavy snow. he recalls come after a series of quality problems that have damaged toyota's reputation for quality. amazon shares opened sharply higher on the back of better than expected earnings on the end of your business. >> holiday sales grew 22% to just over $21 billion. it was mainly down to a major boost in the
FOX Business
Jan 14, 2013 11:00am EST
it. >> no, we're just getting started. it is an important part of the united states economy. nearly 15% of our gdp. research and development in the united states is associated with manufacturing. i'm very pleased to serve it. >> it really feels great. clearly one of the things i have focused on is further developing the entire team, of ford worldwide and i'm so pleased with asking mark to be the chief operating officer also joe hendricks has come back from asia pacifics to take over americas. we have dave shock who is a fantastic operator in asia pacific now. maybe the biggest one is jim farley who really knows luxury is not only leading sales market and service worldwide but also lincoln. jeff: are you paying him more now that you make him do double work? >> i think he feels fully appreciated. we appreciate him. this idea of not only developing the team members individually but also as a team is going to serve ford very well. jeff: the dividend you just doubled it. a lot of the ford family like that. so do all stockholders. >> it's a good point about the ford plan. we also shared w
CSPAN
Jan 31, 2013 7:00am EST
quality of batteries. try to bring the production back to the united states. there are a lot of challenges for the united states economy. quarter after quarter the auto sector is a bright stop -- spot where we see will growth. there have been some quarters for the auto sector was almost all of the economic growth in the country. the auto sector is doing its part to move the country forward. host: what is your groups stand when it comes to gas mileage regulation? guest: we are happy about a number of things that have occurred from the new standards the obama administration put forward. it is won a national standard. -- it is one national standard. the obama administration did a good job of working with california and other stakeholders to have one national standard. we also like certainty and investments that are necessary to meet the new standards. hundreds of billions of dollars to meet teh 2025 objectors. they are challenging numbers. the fuel economy standards are not set by what the car by what produce a lobut the american people buy. there is an opportunity to review where the american consumer is at in terms of the techno
CNN
Jan 2, 2013 4:00am PST
united states government the ability to pay these bills on time. and the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> so that was the president, let's talk to brianna keilar. covers the white house for us. live this morning from washington. brianna, we ran through the biggies there in the bill. i want you to run through what's not included in this bill. >> what you just mentioned, the spending cuts that are only in police for two months and then have to be dealt with, and the fact that the debt ceiling is going to be hit. right now, the treasury is taking extraordinary measures so it doesn't. but ultimately, congress will have to act in late february or early march. those are the things that congress has absolutely no choice. there is a deadline. have to deal with it. but democrats and republicans in the white house have also said they want to tackle long-term deficit reduction. that was the whole point of the fiscal cliff. that was supposed to be the incentive for tackling long-term deficit reduction. how are they going to do that? ent
FOX News
Jan 6, 2013 9:00am PST
think the united states economy has very strong fundamentals. geithner is a friend and i want to thank him for tightening the economic sanctions on iran. we have to look forward to see what else can be done in order really to make it even more effective. it is already quite effective as it is today and also to discuss the future economic cooperation between our two countries. >> does israel face a fiscal cliff of its own? >> we are facing the global crisis as everybody else. so far we did relatively -- we are in relatively good shape, economic hope in israel is quite significant and the level of investment in the economy was going up by almost 40%. nearly 40% in the last three years which enable us to reduce unemployment and create even more jobs than before. so this is, on the one hand. on the other hand, of course, we are still facing the europe, part of our export is to europe. our export to europe is slowing down and we have to handle the situation. still even if you get some success by handling this global crisis it is still a very great situation and we have to be very care
Current
Jan 8, 2013 6:00am PST
. >> and it happened at a time when the united states economy % was doing reasonably well. >> stephanie: that's what you point out. it shouldn't be too much to notice it's not 1999 shutting down the government in the middle of a perilously weak economy. this ain't no disco. >> are we done? because we were in the heebie jeebies for a while. no there is a recklessness in the year and some of the republican leaders that would like there to be a republican party in ten years are looking around saying maybe this is something we shouldn't monkey with this time. but who knows. >> stephanie: right. >> i mean you would have to be a fool to presume you know who is driving the train there right now. >> stephanie: exactly. you pointed out the same thing we did as you call it disco dave's dance party on meet the press. he has reached the perfect balance of sucking up to people and book -- >> i don't know if it's a jack welch thing. >> stephanie: yeah. >> the fellowship of, you know nasty not entirely competent former ceos. she has nothing to contribute to anything. she was a failure at a ceo, except
Current
Jan 16, 2013 6:00am PST
or thinks it might be an okay outcome to blow up the united states economy and the world economy. or that's something they can take that they can negotiate with. as americans, that didn't used to be something that was negotiable. >> no. in honesty people, you know, we debated that issue. whatever side we talked about the increase, the increase, the increase. in a bipartisan basis and whether it was clinton or bush or reagan administration, et cetera, then people voted to increase the debt limit because it's not about future spending. it is about spending that has occurred and that is like getting your credit card bill in the mail and you've made the purchases and then you say well, hell, i'm not going to pay the bill. >> stephanie: really would be like talking to mastercard and going we really need to cut spending. so i'm not paying this. >> i'm just not going to pay my bill. >> stephanie: you're the one that ran up the spending. >> congress ran up the bill. you can have a debate and conversation about those efforts. >> i think what's incredible, i've been look at the commentary and
PBS
Jan 21, 2013 4:30pm PST
business environment in the united states that allows companies based here to compete successfully in thelobal economy but while maintaining or improving the standard of living of americans. we have to do those two things together to be truly competitive. if business is succeeding by cutting wages, that's a sign we're not competitive. so competitiveness is fundamental not only to companies and business but also really to the future prosperity of american citizens. >> susie: michael, people say that in order for the u.s. to be competitive it has to be a center for innovation. by that definition, how are we doing? >> well, i think the u.s. actually remains a tremendous juggernaut in terms of innovation. if you look at r&d speing in the entire world, we account for by far the largest share of r&d spending. we continue to be a major source of patenting and new companies. but the problem is not so much today innovation, the problem is that our business environment has got sufficiently inefficient and high cost and cumbersome that we're not able to capture the fruits of innovation. too much of the innovative ac
SFGTV2
Jan 4, 2013 10:30am PST
economy in the united states. we are looking to produce better and new jobs and position to ensure that america remains at the forefront of the economy in the 21st century. we are working to ensure that all americans have the resources and the skills necessary to fully share in all of the possibilities, civic, social, and economic. all of these made possible by the internet. that is one of the reasons we are here today. he discovered for the administration is the broadband technology opportunities program or btop. this program was established in 2009 by the american reinvestment and recovery act and is administered by ntia. we have nearly $4 billion invested in roughly 230 projects across the country, all aimed at expanding broadband access and adoption in the country. and i want to tell you a little bit about the programs and then tell you about why we care so much about this issue. so, we have the btop for infrastructure projects. these are building broadband networks in areas that are currently underserved. they are making sure that hospitals, schools, and other vital community institutions have the access that they need to make sure
CSPAN
Jan 29, 2013 1:00am EST
quote the united states that is contingent upon securing our borders. second, we reform our legal immigration that will build the american economy and strengthen american families. third, we create an effective employment verification system that will present identity theft and tend hiring of future unauthorized workers and lastly, we establish an improved process for e admitting future workers to serve our work force needs while protecting all workers. other bipartisan senators have stood in the same spot before trumpeting similar proposals. but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there is more political risk in opposing immigration reform than in supporting it. we believe we have a window of opportunity to act. but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill that sol
CNBC
Jan 22, 2013 6:00am EST
the overall economy, not only in the united states, but also in the globe is going to lk like this year. earlier this morning, ellen coleman was out with du pont. she says she's looking at what she's considering something that's going to be a slow growth world economy. is that the sense that you get from looking around? >> i think the good news when you look back is that the world's not ending, and investors were positioned as if it were. so i think much of the rally at the end of the year and this year has been a reflection of the fact that things are settling down a little bit. bad news is there's no easy solution. there's no big recovery coming out of this. so we see a lot of restructuring. and i think there are some good parts, some bad parts. i think it spells a lot of variety in earnings. overall i think it's going to be tough for s&p companies to earn a lot of money and grow rapidly going ahead. >> which means it's also tough for investors to find easy ways to make money. >> the good news, if you look across global markets, every month we look at valuations of each sector, e
Current
Jan 7, 2013 6:00am PST
the tab for a bill they've racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> stephanie: mitch says it is a shame we have to use whatever leverage we have in congress to get the president to deal with the biggest problem confronting us. it is a shame. it's a shame we have to take hostages again but we have to. >> the tax issue is finished, over. completed. that's behind us. now the question is what are we going to do about the biggest problem confronting our country? and our future. and that's our spending addiction. it is time to confront it. the president knows that. he's mentioned it both publicly and privately. the time to confront it is now. >> we have to get rid of the free loading old people. sick people. >> stephanie: he suggested making them into mulch. right. sorry. >> save lots of money that way. >> mulch to line his terrarium. >> stephanie: tatiana in pensacola, florida, you're on "the stephanie miller show." >> caller: thank you so much. how are you guys? >> stephanie: we're good. >> caller: i want to be really, really really, r
CNBC
Jan 15, 2013 9:00am EST
in the business community saying you do not hold the united states economy and its credit rating hostage no matter how much you care about a particular side or point of view in a budget negotiation. >> speaking of which, not a republican necessarily but allen writes in the journal, he says the consequences of hitting the debt ceiling are too awful to contemplate, worse even going over the fiscal cliff do you believe that they are unlikely to disappoint point us? >>. >> he is willing to engage in good faith action to reduce it further and that would be entitlement cuts and savings with further revenue increases and loopholes and tax expenditures. and what he's simply saying is the obvious and i've been around for 20 years. there's lots of good ways for us to fight with each other on the deficit and negotiate and take tough positions. the president is saying he's taking one option off the table and he's not going to deal with anybody who is going to threaten the default of the united states government to get their way and it was harmful to their businesses, harmful to economic comp
CSPAN
Jan 21, 2013 8:00am EST
money that's already taxed to the united states will boost our economy and allow us to create jobs here and maybe could be tie intoed creating an infrastructure bank, but we need some fundamental changes. belief it or not we care more than anything else about the health of the economy, so deficit reduction is really big for us. we support the simpson-bowles, we're the only association that does. it hurts etch, it's shared sacrifice, it's painful even for us but we need stability in our finances as a country, and every responsible business should stand up and say that, and we're urging both sides -- republicans and democrats -- to recognize the pain has to be spread around. there's some things, patent controls that effects innovation. basically, people don't produce anything but lawyers. it's not really a good way to get a society. and from the smallest start-up to the biggest economy everyone's saying we need more certainty, you shouldn't be putting people out of work in actively-of run companies if they're don't even think they're breaking someone's patent. there has to be some ce
MSNBC
Jan 28, 2013 7:00pm PST
allowed in the united states is based on the state of our economy. we are going to enshrine my here the principle that when there are job openings, americans get the first grab at it. >> senator schumer says he has spoken with president obama and that the president supports the bipartisan plan. president obama is flying to nevada to push the issue there. there was a flash of the old straight talking john mccain today when he was asked why republicans are suddenly ready to compromise so much on immigration. >> one, as i have stated before elections, elections, the republican party is losing the support of our hispanic citizens. and we realize that there are many issues in which we think we are in agreement with our hispanic citizens. but this is a preeminent issue with those citizens. >> today's developments left one right-wing republican observer completely dumbfounded. >> if the democrats think their position on immigration, let's use that for example, is the right one, and if the democrats' position is what is getting all that support from hispanic voters, what i don't understand
CSPAN
Jan 6, 2013 8:15am EST
people. and if i can add one last thing, remember the beginning of of the united states of america. the economy of the southern states and the northern states was very, very different. and even today the economy in montana is very different from the economy in lower manhattan. and we found a way to deal with that and to regulate it. the same is true in europe, the same is true in china, the same is true in india, the same is true in brazil. big countries deal with gaps between rich and poor, agriculture and urban, industrialized and evolving in much the same way we're going to have to on the global stage. so the problem's been solved and can be solved. >> host: evan, new york city. good afternoon. >> caller: hi. hi, david, i'm happy that you're taken my call. my question is the fiscal cliff that we're approaching. if obama decides to allow it to happen, what are the, what kind of catastrophe are you talking about? you know, i'm kind of concerned. what kind of -- how negatively will it affect the industry? i know it'll hit the government hard, but how bad will it really be out there in wall street
CSPAN
Jan 16, 2013 11:00pm EST
economic growth by increasing regulatory uncertainty in key sectors of united states economy. it has benefited many who are known as lawyers and it is created has created many new levels of bureaucracy. despite his good intention we believe it has been counterproductive in working against solving the core problems that it seeks to address, too big to fail. let me define what i mean when i speak of too big to fail. the dallas definition is financial firms whose owners managers and customers believe themselves to be exempt from the process of bankruptcy and what trump called creative destruction. such firms capture the financial upside of their actions but they largely avoid payments for actions gone wrong. bankruptcy and closure. in violation of the one of the basic tenets of americans have capitalism. such firms enjoy subsidies relative to their non-two potato competitors and less likely to create a risk protected by the presumption that thinks of busy is highly unlikely to obtain. the phenomena of the too big to fail is a result of a implicit but widely taken for granted government
CSPAN
Jan 12, 2013 6:20pm EST
do this. thank you and god bless the united states of america. >> our guests on "washington journal" is steve clemens and gary schmitt. ruchir sharma will discuss his book "breakout nations." "washington journal" live on c- span. >> this weekend on "
CSPAN
Jan 15, 2013 8:00pm EST
credit of the united states and therefore, it is a weapon against the citizens of this economy and the global economy. and i think we need to be straight up and say that essentially what i will do is look for ways around it. the republican caucus has said from the beginning and dramatically change since i joined the ways and means committee. the republican party really has to decide just how much it's going to gamble with the economy of the united states. i think that would be a dangerous scandal and i think the president has stressed that we have sensed it out. so i'm with him on that. >> we are going next to finlay lewis. >> i'm not surprised. >> assuming that there is a negotiation that does resolve a fairly comprehensive deal between the european union and its, and taking a look at the issues, that's going to have a profound impact on the regulatory regime in this country and in the united states. going into that, what would be your reservation about the deal that would emerge? what would you be most concerned about? >> well, there is a meeting of a group that is looking at thi
FOX Business
Jan 21, 2013 3:00pm EST
california. i think, in the united states in general, with the economy growing the way it is and the oil industry, it is for seen thing that will happen in the future throughout the united states. these emerging shale plays are here to stay. cheryl: okay. if you look at the, go back to california. i think this is so interesting. the eia did a report and said actually oil production, crude production in california has been on the decline since about 2006, basically the wells could be tapped here. do you think that's a possibility, or do you think the oxy find is a sure thing, a sure bet? >> right now looks like it is a sure bet. there is a some shale spoken about for, many years now and oxy, what they have done, they have drilled deeper targets. the oil is there. it is there from conventional production early on in the early 1900s. now you're seeing with the deep horizontal drilling in california and united states, the new technology with the three deseismic they have, they're discovering that the oil producing areas have deeper reserves and greater reserves. i think it is here to stay. t
CNBC
Jan 7, 2013 6:00am EST
united states, but also now globally with china coming back and europe calming down, the united states economy broadening out, including housing, and now getting manufacturing back. i think that momentum, more than anything else, has caused the market to continue to be -- move higher, and to avoid sort of falling back again under all the other crisis, sort of fears that we've had. i think that's the big elephant in the room. if that continues, there's probably more room to the upside. >> do you think -- i know that fundamentals and politics aren't your thing necessarily, but do you think that the fiscal cliff, getting through that, was more important than what's coming up with the debt ceiling? or could the debt ceiling derail your view on things? >> you know, i think we've been desensitizing, you know, all year long a little bit, joe, to some of these armageddon ending stories. last year was interesting. we had as many issues on the table, a spring swing in the economy. a slowdown landing in china, uncertain election, the fiscal cliff and yet the vix index hardly ever got above 20 during the year. where
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